Viewing: Equal Credit Opportunity Act

Missouri State Contract Cases 2012 (Part 16): Spousal Guarantees and Independent Contractors

I wrote about this case, which involves backdating contracts, in Backdating Contracts Is Tricky Business. In addition to the loan I discussed in that post, the appellate court considered FH Partners' ownership of another loan and held that FH Partners had a partial ownership interest in the loan, reversing the trial court. On review of […] Read More

Missouri Federal Contract Cases 2013 (Part 01): Regulation B and Economic Loss Doctrine

The United States District Court for the Western District of Missouri held that the spouse of a debtor was liable under a personal guarantee that she signed. The spouse argued that she was protected by the Equal Credit Opportunity Act (ECOA), which prohibits a creditor from discriminating against any applicant for credit on the basis […] Read More